State Bank of India UK (SBI UK) buy-to-let mortgages can now be accessed via The Right Mortgage Network.
SBI UK’s buy-to-let product range provides financing up to 70% loan to value and offers products for individuals, Special Purpose Vehicles (SPVs), Limited Liability Partnerships and limited companies.
The products are available on a fixed or tracker basis, with rates from 2.44%, over a term of three or five years.
“We are delighted that our buy to let mortgages are available through intermediaries such as The Right Mortgage, thus ensuring a wider distribution of our buy-to-let range,” said Stephen Banks, head of national sales for SBI UK.
“In particular, we believe SPV/LLP mortgages will become more central in the market in the coming years. Furthermore, we have competitive products, and believe our range is a compelling offer for mortgage intermediaries.”
Martin Wilson (pictured), CEO of The Right Mortgage & Protection Network, added: “State Bank of India will be another fantastic addition to our panel, offering our members greater choice when sourcing for their clients’ buy-to-let needs. The products that SBI can offer will add significant value for our advisers.”
